Summit Trail Advisors LLC Has $519,000 Position in EOG Resources, Inc. (NYSE:EOG)

Summit Trail Advisors LLC lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 49.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,232 shares of the energy exploration company’s stock after buying an additional 1,393 shares during the period. Summit Trail Advisors LLC’s holdings in EOG Resources were worth $519,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EOG. Financial Life Planners acquired a new stake in shares of EOG Resources during the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd lifted its position in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares during the period. Northwest Investment Counselors LLC acquired a new stake in EOG Resources during the third quarter worth $26,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources during the fourth quarter worth $27,000. Finally, Keystone Financial Group Inc. bought a new stake in EOG Resources in the 4th quarter valued at $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 568 shares of EOG Resources stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the transaction, the director now owns 43,532 shares of the company’s stock, valued at $5,891,185.56. This trade represents a 1.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

EOG Resources Price Performance

EOG opened at $132.32 on Wednesday. The company has a fifty day moving average price of $127.78 and a two-hundred day moving average price of $127.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market capitalization of $74.42 billion, a PE ratio of 10.65, a P/E/G ratio of 3.36 and a beta of 1.27. EOG Resources, Inc. has a 52 week low of $109.06 and a 52 week high of $139.67.

EOG Resources declared that its board has authorized a stock buyback program on Thursday, November 7th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EOG shares. Raymond James raised their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. KeyCorp decreased their price objective on EOG Resources from $157.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Citigroup upped their price objective on EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Bank of America restated a “neutral” rating and set a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Wells Fargo & Company upgraded EOG Resources from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $147.00 to $150.00 in a research report on Tuesday, December 17th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $143.90.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.